Apple stock market

A day after the Dow Jones Industrial Average broke the 22,000 barrier for the first time in its 121-year history, global stock markets retreated Thursday. Wall Street stock futures slipped and national indexes in Europe and Asia drifted lower as euphoria over Apple’s strong earnings that spurred the record highs faded. The iPhone maker reported better than expected income. Ahead of the market open in New York, Dow futures were down 0.1% at 21,938.0. S&P 500 futures were also lower, down nearly 0.2% to 2,469.70.In Europe, France’s CAC 40 fell 0.3% to 5,091.94, while Germany’s DAX was down 0.5% at 12,120.19. Britain’s FTSE 100 slipped 0.2% to 7,394.07.Numerous factors also weighed on investor sentiment: worries over China’s rising debt; weaker commodity prices; the prospect of a hike in U.S. interest rates this year; a U.S. employment report for July that will be released Friday; and flaring … [Read more...] about World stock markets retreat after Dow breaks 22,000 barrier

The old-fashioned Dow regained its power Tuesday, outpacing the more popular, better-performing Nasdaq composite that’s filled with innovative tech companies.The resurgence of the Dow Jones industrial average, which Tuesday hit a new high and jumped 125 points, or 0.6% (vs. a 0.1% rise for the Nasdaq) was fueled by strong earnings from high-profile Dow components, including heavy machine maker Caterpillar, fast-food giant McDonald’s and agriculture and chemical play DuPont. At 1 p.m. ET Caterpillar shares rose 5.5%, McDonald’s jumped 4.4% and DuPont gained 1.3%. (Those gains were offset by losses in Dow components 3M, which fell 5.1% after a slight miss on quarterly sales, and a 2.1% drop for aircraft engine maker United Technologies despite strong results.)This year has been all about the Nasdaq (it’s up 19% in 2017 vs. a 9%-plus gain for the Dow) and its strong-performing stocks like Facebook, Amazon, Apple, Netflix and Google parent Alphabet. But for at least … [Read more...] about Stock market power returns on strong earnings reports

Millennials and stocks — a mutual needMillennials, the children of the stock-loving Baby Boomers who helped fuel the best-ever bull market in the 1990s, haven't yet developed a good working relationship with the market like mom and dad did.Now mostly in their 20s and early 30s, the people making up the nation's largest generation have yet to embrace the concept of stock investing to meet long-term goals, like funding retirement, surveys show. Only one in three Millennials say they invest in stocks, a Bankrate.com survey has found. Six in ten say they have less than $10,000 saved for their post-working years, according to Ramsey Solutions’ 2016 Retirement in America Survey.The top reasons for avoiding individual stocks like Apple, or equity funds like Vanguard's Growth and Income Fund? Nearly half of Millennials say investing is “too risky,” a BlackRock study says. And four of ten say they don’t have … [Read more...] about Wall Street to Millennials: Don’t fear the stock market

investors reacted to a bevy of announcements.Apple's stock ended down just 0.4% after a volatile day during which the view on Wall Street appeared to be that the news didn't match up to the sky-high expectations and hype.The shares closed down 37 cents at $97.99. During the day the stock traded as as high as $103.08 and as low as $96.14 — a big range for the most valuable company on the U.S. stock market.Apple stock initially jumped as the meeting progressed, especially after the announcement of a mobile payment system. But the stock faded again after the company said its new watch would work only with iPhones and wouldn't be available until next year.Shares bounced around $100 a share as the meeting progressed and two new models of the iPhone were announced. The stock gained following the plan to allow consumers to add credit card information to their phones. The gains held as the company unveiled the much rumored $350 smartwatch, but evaporated as the timing and iPhone … [Read more...] about Apple stock falls after announcements

Apple is already cashing in on its billion-dollar legal victory over Samsung. Shares of Apple surged more than 2% on Monday, adding nearly $15 billion to the market capitalization of the world’s most valuable company after a Silicon Valley jury on Friday found that Samsung illegally copied several features and designs from Apple devices. The nine-person jury ordered the South Korean electronics giant to pay $1.05 billion in damages. Apple’s market cap of almost $635 billion during midday trading was an all-time high for the maker of the iPhone and iPad maker. Its share price is up more than $13, to about $677. Meanwhile, Samsung, which isn’t traded in the U.S. stock market, dropped 7.5% in Korean trading — a loss of more than $12 billion in market value. Suh Myung-gon/AP A electronic stock price board shows the 7.45 percent nosedive of Samsung's share price, to 1,180,000 won (U.S.$1,039.65) after Apple's court victory in a high-stakes patent … [Read more...] about Apple stocks rise, Samsung stocks fall on patent-infringement ruling

Europe is back in the headlines again as each day brings the threat of another country facing a potential default. While those troubles may seem far away, consider them a warning bell to take stock of your own investments, money manager Chad Morganlander said. "Caution is warranted for U.S. investors due to the increased risk of a European debt contagion," said Morganlander, a portfolio manager at Stifel Nicolaus in Florham Park, N.J. "Although the U.S. economy is growing modestly, any European contagion could derail U.S. financial markets." What happens overseas matters to us because global markets are intertwined. U.S. companies sell to Europe while U.S. banks lend to foreign borrowers. "Any disturbance within the European financial system has a direct effect on the U.S. economy and on U.S. financial markets," Morganlander said. If several countries in Europe have difficulty refinancing their debt, it could trickle down to their banking system and to the consumer. So … [Read more...] about International unrest, such as European riots, is red flag for American investors in stock market

Looks like an iPhone is a more valuable commodity than oil.At least it was for a little while Tuesday, when Apple briefly surpassed Exxon Mobil in market value as stocks fluctuated wildly in afternoon trading.Apple's value rose to $341.5 billion at one point, just above Exxon Mobil's $341.4 billion, though Exxon Mobil's annual revenue is four times Apple's.The iPhone and iPad maker ended the day back at No. 2 - with a $346.7 billion value to Exxon Mobil's 348.3 billion - but is expected to eventually pass the oil giant, which has held the top spot for five years.Apple's market capitalization has grown more than $20 billion in the past month due to iPad sales and the upcoming debuts of a new iPhone and iCloud web storage service.The drastic decline in oil prices, meanwhile, has reduced Exxon Mobil's capitalization by nearly $60 billion. With News Wire Services Join the Conversation: … [Read more...] about Apple briefly surpasses Exxon Mobil during stock market flux, but iPod maker backs down to No.2

Shares of Apple's struggling stock showed some signs of life Wednesday and surpassed $500 a share for the first time since January 23.The maker of digital gadgets is getting a lift on Wall Street chatter that some well-known private investors, including Carl Icahn, are buying into the stock and calling it undervalued. Investors are hoping Icahn can use his influence to convince Apple to start returning more of its cash to investors. Shares of Apple were up $13.16, or 2.7%, to $502.73 in mid-day trading. STOCKS WEDNESDAY: Dow drops 113 points MACY'S: Says shoppers wary to spend CISCO: Slashing 5% of workforceApple is sitting on a pile of nearly $150 billion in cash, much of which is invested in low-yielding U.S. Treasury securities. Activist investors like Icahn often look for companies stockpiling cash, hoping to prompt them to do something with the money that enriches shareholders. Icahn says if Apple would use some of its cash to buy its own stock, the value of the stock … [Read more...] about Apple stock retakes $500 a share

Shares of Apple Inc. fell about 4 percent Thursday amid news that CEO Steve Jobs will need to go on medical leave until the end of June. Jobs’ news sent Apple shares sliding down as much as 10 percent to one-year lows in extended trading Wednesday, but by Thursday morning they had recovered slightly, and were down $3.49, 4.1 percent, at $81.84. BusinessWeek found that many analysts are keeping with their favorable recommendations for Apple stock. "The stock is not trading at much of a premium to its cash earnings—it’s now at eight or nine times cash," analyst Shannon Cross of Cross Research, told BusinessWeek. "This is something the market will have to digest," she says. "And hopefully he’ll come back in June." If Jobs were to leave Apple, many analysts conclude that the stock will fall about 10 percent, according to the Sydney Morning Herald. Rick Hanna, an analyst with Morningstar (MORN) in Chicago, told BusinessWeek something similar. … [Read more...] about Bad Apple: Stock takes nose dive amid CEO Steve Jobs’ medical leave

AT&T - the iPhone's exclusive carrier - said it activated 146,000 iPhones on June 29 and 30, a number that disappointed investors following some analyst forecasts that Apple would sell 500,000 or more the first weekend. The news interrupted a steady rise in Apple's stock price that started with the iPhone's release. The 18% surge generated $18 billion in shareholder wealth. Apple's shares fell $8.81, or more than 6%, to $134.89 yesterday, wiping out more than $7 billion of Apple's market value. Analysts cautioned against reading too much into AT&T's numbers, saying actual iPhones sold may be much higher, but was not reflected in the figure because many users had activation problems and couldn't sign up for a few days. Also, CIBC World Markets said demand for the iPhone has experienced a "significant decline" in the past 10 days, a slowdown driven in part by dissatisfaction with the slow data transfer speeds on AT&T's network. Join the … [Read more...] about Apple stock stumbles on iPhone sales lag